As the cryptocurrency industry continues to develop, it is increasingly connected to traditional finance (TradFi), benefiting end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which in most cases take days and double-digit dollar fees, are a perfect example of the current state of traditional finance.
In comparison, decentralized finance (DeFi) has the potential to provide similar services, including fund transfers, payments and storage, at faster speeds and at lower costs. However, most financial technology (fintech) applications offered by TradFi services win over users in terms of user experience and simplicity, making the adoption of unnecessarily complex and obscure DeFi applications limited.
Mainstream users need friendly experiences and easy-to-use applications to get into the decentralized space before becoming full-fledged cryptocurrency users. Likewise, DeFi users need a bridge to use their cryptocurrency funds in their daily lives. They seek a fintech solution that escapes the complexity, logic and expense of traditional financial services.
traitoris a Web3-enabled financial services platform designed to connect TradFi functionality with cryptocurrencies and DeFi by providing users with a clean, easy-to-use interface through mobile applications developed for iOS and Android.
In addition to the standard TradFi experience including payment solutions, IBAN accounts and personal financial management, Renegade adds Web3 capabilities including non-custodial and custodial wallets, fiat on-ramp via Visa debit cards and cryptocurrency exchanges – bringing DeFi and TradFi spaces go together.
Integrate with cryptocurrency exchanges and wallets
Major cryptocurrency industry players such as cryptocurrency exchanges and wallet providers integrate with the Renegade platform to offer their solutions in an environment more suitable for TradFi. As more partners join the Renegade platform, users will have access to a variety of direct in-app conversions and enhanced liquidity options.
On the fintech front, the company is building RenegadePay and preparing the Renegade Visa financial card. Both will enable users to use cryptocurrencies for everyday purchases. Thanks to the partnership with EMI Intergiro, Renegade users will also receive a Swedish IBAN number, opening up a range of traditional banking services as well as a very attractive consumer rewards program.
Renegade offers users a Visa debit card that can be used for crypto payments. source: traitor
Speaking about the company’s vision, Renegade CEO Daniel A. Strele-Ramonis explained that the team’s goal is to remove barriers between fiat and cryptocurrencies, providing everyone with the tools to take advantage of the full range of financial opportunities. “As the future evolves, we aspire to lead this convergence, ensuring financial empowerment is accessible, intuitive and uncompromising,” he added.
Renegade joins Cointelegraph accelerator
Renegade joined Cointelegraph Accelerator as a participant to benefit from the media reach and marketing opportunities provided by the program. Cointelegraph Accelerator chose Renegade because of the user experience the project developed for TradFi and DeFi users.
The platform aims to integrate with major payment services, including Apple Pay and Google Pay, by the end of the year. When its mobile app launches, Renegade will serve the TradFi needs of DeFi users while providing crypto and Web3 access to the fintech market, effectively bridging the two worlds.
Svlook
